15 Lulu DriveLake GroveNY11755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake Grove at 15 Lulu Drive, Lake Grove, NY, 11755 offers $3,840/mo rent that, after a $2,609/mo payment, leaves $280/mo cash flow. Total monthly income is $3,840/mo, and annual cash flow is $3,366/yr on $175,357 cash. Return on cash invested measures 21.98% in year one, and rental yield stands at 8.65% at a $533,000 entry. Equity gained on principal adds $3,439/yr while 5% annual appreciation compounds into $147,258 by year five. Five-year ROI records 114.56% and total cumulative return in cash reaches $200,892. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $2,609/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11755, Lake Grove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,412 (77.8%) |
| Renter Occupied HU | 781 (17.8%) |
| Vacant Housing Units | 193 ( 4.4%) |
| Median Home Value | $625,119 |
| Average Home Value | $651,627 |
Housing Distribution
Address Breakdown
Residential
4,303
Single Family
3,860
Multi-Family
443
Businesses
465
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Listed by: Robert Satter • Showcase of Long Island Realty
Mls Name: OneKey MLS
Mls ID: #917766